Freehold Condominium At Nassim Street Up For En Masse Sale

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The four-storey condo was finished in 2008, including 2 – and – three-bedroom units in addition to penthouses which vary from 115 sq m to 343 sq m. The owners are requesting for a book price of $222.68 million or $3,508 per sq feet per plot ratio (psf ppr).

Beaufort About Nassim, a 30-unit freehold residential development in 12 Nassim Road, has been set up for collective economy, using a reserve price of $222.68 million or $3,508 per sq feet per plot ratio (psf ppr).

This includes following 26 of the 30 unit owners agreed to this en bloc sale, which represents 86% of their development’s complete strata region and discuss value.

The Business Times noted that the prime district 10 growth sits on a 4,212.6 sq m (45,344 sq feet ) website that’s zoned residential under the 2014 Master Plan using a gross plot ratio of 1.4.

The four-storey condo was finished in 2008, including 2 – and – three-bedroom units in addition to penthouses which vary from 115 sq m to 343 sq m.

Suzie Mok, senior manager of investment earnings at Savills Singapore — the growth’s advertising representative — said the freehold condo is going to be the first Nassim Road en bloc sale website in 13 years because Nassim Park Residences’ sale in 2006.

“Beaufort in Nassim offers programmers an extremely rare opportunity to procure a plum property along Nassim Road. Low-density residential plots with this brief stretch are far and few between, further confined by single-stakeholders’ plots that are tightly held and unavailable available,” she said.

Mok added that the hottest recorded deal inside the vicinity included the selling of a 66,452 sq ft freehold website at 14/14A Nassim Road via private treaty for $218 million. Including growth charge, the cost worked out to approximately $2,744 psf ppr.

Subject to applicable authorities’ approval, the property may be developed to a luxury condo of around four-storey, with a licensed gross floor area of 5,890.82 sq m (63,408 sq feet ).

“With the current resurgence of property buys at the luxury home section by an increasing flow of wealthy foreign buyers, and numerous GCBs trades at benchmark price tags in the vicinity, this premier neighbourhood is poised to benefit from a property worth boost,” said Mok.